Qatar Development Fund supports Somali economy

(MENAFN- The Peninsula) The Peninsula

The Qatar Development Fund (QFD) has pledged to support the Somali economy through a package of $200m worth of projects in the fields of infrastructure, education, economic empowerment, By signing a partnership agreement with the Somali Government aimed at strengthening its efforts in the area of ​​stability and economic development.
The agreement was signed by H E Khalifa bin Jassem Al-Kuwari, Director General of the Qatar Development Fund and HE Jamal Mohammed Hassan, Minister of Planning, Investment and Economic Development, representing the Somali government.
The project includes the implementation of several developmental projects including the construction of the Mogadishu-Jawhar road for 90 km, the Mogadishu-Afgoy road with a length of 30 km, the rehabilitation of the prime minister's building, the rehabilitation of the Ministry of Planning, Investment and Economic Development, the rehabilitation of the Mogadishu municipality building, And building the building of the Diplomatic Institute in addition to supporting the Silatech Foundation to empower unemployed youth through vocational and technical training projects in the various Somali government and states. The projects will also include the signing of a memorandum of understanding to support education programs in Somalia between the Qatar Development Fund and the Education Foundation above all.
H E Khalifa bin Jassim Al-Kuwari, Director General of the Qatar Development Fund (QFD) said that this commitment is part of the commitment of the State of Qatar to the brothers in the Somali government and people. It is an extension of a number of development projects between the two countries. Economic empowerment and job creation for youth and empowerment of women. He added that the State of Qatar is keen to strengthen the efforts of the Somali government to achieve its national interests.
'We are grateful for the support of the State of Qatar over the past years, said HE Jamal Mohammed Hassanouser, Minister of Planning, Investment and Economic Development of Somalia. He also stressed that the bilateral relationship between the two countries has been outstanding. He also praised the support provided by the State of Qatar in other fields, Humanity, education and health to restore Somalia's health.


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